Real Estate Law News and Insights

The Most Important Things To Consider When Gifting Real Estate To Your Children

Published: Mar 03, 2024
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Gifting real estate property to children is a significant financial and legal decision that requires careful consideration. Here are some important things people need to know when gifting real estate property to their children: TAX IMPLICATIONS Gifting real estate property to children can have tax implications for both the giver...

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New Nursing Home Transparency Rules And Their Impact On Real Estate Owners

Published: Mar 01, 2024
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Introduction There has been increasing government interest in obtaining ownership information with respect to the class of commercial real estate comprising nursing facilities. Specifically, the government is focused on nursing home facilities owned by private equity firms and real estate investment trusts (REITs) because of a perceived difference in quality...

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New York City Unveils Subsidy For Mixed Income Development

Published: Feb 28, 2024
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At the turn of the new year, New York City unveiled a city-funded adaptation of the 421a tax incentive (named after Section 421a of NY Real Property Tax and Proceedings Law), the lucrative state tax exemption that lapsed in 2022. Since the 1970s, developers for most major residential projects in...

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